India Operational Technology Security Market, By Component (Solutions (OT Endpoint Security, OT Network Segmentation, Anomaly Detection, Incident Response and Reporting, and Others) and Service (Professional and Managed)), By Deployment (Public, Private and Hybrid), By Enterprise Size (Small & Medium Enterprise and Large-Sized Enterprise), By End-User (BFSI, Power & Energy, Manufacturing, Transpor

The Increased Use of Digital Technologies in Industrial Systems Is Driving the Market Growth

The increased use of digital technologies in industrial systems is another major driver of the market growth of Operational Technology (OT) security in India. Digital technologies such as cloud computing, big data analytics, and the Internet of Things (IoT), are transforming the way industries operate and manage their assets, leading to improved efficiency, productivity, and cost savings. However, with the increased adoption of digital technologies in industrial systems, the risk of cyber-attacks has also increased significantly. Industrial Control Systems (ICS) and Supervisory Control and Data Acquisition (SCADA) systems that are used in critical infrastructure sectors such as oil and gas, power and water utilities, transportation, and manufacturing are often vulnerable to cyber-attacks, which can result in operational downtime, physical damage, and even loss of life. As a result, there is a growing need for operational technology security solutions in India to protect these critical industrial systems from cyber threats. Operational technology security solutions such as firewalls, intrusion detection systems, and security information and event management (SIEM) systems are becoming more widely adopted by organizations to protect their industrial control systems and SCADA systems from cyber-attacks.

Moreover, the Indian government has also recognized the importance of operational technology security and has taken several initiatives and centers such as Cyber Surakshit Bharat, Indian Computer Emergency Response Team (CERT-In), and Cyber Crime Coordination Centre (I4C) etc., to enhance the cybersecurity posture of critical infrastructure sectors. For example, the National Critical Information Infrastructure Protection Centre (NCIIPC) has initiated several initiatives to make it easier to protect critical information infrastructure, raise awareness about how to lessen the vulnerabilities of critical information infrastructure, and defend against cyberterrorism, cyberwarfare, and other threats. It has also provided organizations with frameworks and guidelines to help them improve their operational technology security measures. Overall, the increased use of digital technologies in industrial systems is a key driver of the market growth of operational technology security in India, as organizations seek to protect their critical infrastructure from cyber threats and comply with regulatory requirements.

Increasing Adoption of Cloud Computing Environment

The popularity of cloud computing is accelerating and expanding tremendously in India. This is due to the government's encouragement of adopting cutting-edge, developing technologies, as well as best practices drawn from various cloud deployment scenarios and application domains. Cloud computing service providers are making investments in new data centres and cloud regions in India to meet this expanding demand. As India is ushering towards “Digital India”, it becomes essential for the government to embrace the cloud to enhance governance and meet the citizen’s expectations. In addition, due to the various advantages such as minimized IT costs with the reduction of delivery times, reduced capex and opex to deliver business services, the demand for enabling cloud computing by the enterprises are rising. This has enabled many services providers to adapt cloud as an essential technology platform to increase their product demand. Therefore, increasing adoption of cloud computing environment is driving the growth of Operational Technology Security in the Indian market.

Rising Demand from Power Industry

The convergence of operational technology and Information technology is empowering the power industry to reimagine their business from front-end to back-end, making enterprises services more accessible than before. Operational technology security in the power industry is aiding in optimizing performance, increasing process efficiency, reducing costs, and enhancing consumer services. The energy sector is essential to nearly every aspect of modern life. Many energy enterprises have implemented OT security for automating operations and modernizing substations. With the increasing digitization and proliferation of integrated technologies, the energy businesses are encountering more and more intrusions and are increasingly exposed to cybersecurity threats every year. Operational technology components like smart meters and other line sensors provide near real-time information, which can be combined with IT accessories like GIS to pinpoint the location of the problem and securing the infrastructure. In addition, to re-stabilize the grid and improve grid frequency, many companies have

Recent Development

• On April 20, 2023, Infopercept, a global cybersecurity solutions and service provider firm, announced the launch of its latest SaaS offering, “Invinsense 4.0” a Premium cybersecurity platform. With its most recent product, Invinsense 4.0, the company aims to cover all three platforms’s offensive, defensive, and security compliance by supporting IT, cloud, operational technology and IoT landscapes and optimizing user interface & experience.
• On February 14, 2023, Fortinet, a global cybersecurity leader announced the launch of new ASIC technology “FortiSP5” to accelerate the convergence of networking and security across every network edge. In comparison to typical CPU and network ASICs, the new technology “FortiSP5” offers much higher secure computing capacity, cheaper costs, less power consumption, and the flexibility to allow new secure infrastructure for branch, campus, 5G, edge computing, operational technologies, and other uses.
• On Nov 02, 2022, Honeywell International Inc, a multinational technology firm announced the release of its new operational technology (OT) cybersecurity solutions. The new advanced monitoring and incident response (AMIR) dashboard and updated cyber app control solution is designed to enable customers in defending the availability, reliability and safety of their industrial control systems and operations empowering organizations with 24/7 intelligent threat detection, across the expanding attack surface of their industrial control systems (ICS).

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